Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Plans Monthly Dividend of $0.04

Key Points

• Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) declared a monthly dividend of $0.04 per share, with stockholders of record set to receive it on September 2nd.
• The annualized dividend yield for NXN is 4.4%, reflecting the income-generating potential of the fund.
• As of the latest trading session, shares of NXN were priced at $11.49, with a 52-week range between $10.98 and $12.40.

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN - Get Free Report) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.042 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, August 15th.

Nuveen New York Select Tax-Free Income Portfolio Price Performance

Shares of NXN traded up $0.01 during trading hours on Monday, hitting $11.49. The company had a trading volume of 18,064 shares, compared to its average volume of 11,200. The firm has a fifty day moving average price of $11.49 and a 200-day moving average price of $11.59. Nuveen New York Select Tax-Free Income Portfolio has a 52-week low of $10.98 and a 52-week high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Company Profile

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in the securities of companies that operate across diversified sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.